Supreme Cannabis Co. Inc. revealed in a financial report their recreational net revenue spiked 373% year-over-year, and 27% sequentially to $7.3 million in the last quarter of this fiscal year. Over the fourth quarter, 18 stock-keeping units (SKUs) were launched within the Canadian market. The Toronto-based company also reported losing over $139 million in the fiscal year ending June 30. Supreme president and CEO Beena Goldenberg said that “Fiscal 2020 was an important transitional year for Supreme Cannabis where we streamlined our operations, reorganized our team, and expanded our portfolio of brands and products that will drive sustainable revenue growth”. In addition, Supreme disclosed on Thursday, there are 36 active retail SKUs listed.
Mmp News Author, Medical Marijuana Program Connection, 09/25/2020 13:12:36
Open article: https://mmpconnect.com/supreme-cannabis-reports-373-recreational-revenue-spike-yoy/